14501 East 86th Street North, Owasso, OK 74055
Waiting List Forecast: Likely Short or None
Verified for 2022 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $642 - 957 per Month† | 1 - 2 Beds | 1 Bath | 720 - 928 Sq Ft |
This project has been funded and will begin construction soon.
Welcome to Centennial Park, the newest 55 and over apartment community in Owasso, Oklahoma. Centennial Park is a newly constructed senior apartment community with 56 apartments in northeast Owasso. With close proximity to many neighborhood amenities and desirable floor plans, it’s the perfect affordable home for you.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Centennial Park Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 720ft2 | $642 $793† |
| 2 Bedroom (2/1) | 928ft2 | $776 $957† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,850 / year | $34,100 / year | $38,350 / year | $42,600 / year |
| 50% AMI for PBRA Units | $29,850 / year | $34,100 / year | $38,350 / year | $42,600 / year |
| 60% AMI for LIHTC Units | $35,820 / year | $40,920 / year | $46,020 / year | $51,120 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Centennial Park Apartments have a waiting list?
Centennial Park Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Centennial Park Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Centennial Park Apartments?
Centennial Park Apartments is managed by Kittle Property Group Inc headquartered in Indianapolis, IN.
In addition to Centennial Park Apartments, how many other affordable housing properties (and units) are there in Owasso?
In addition to Centennial Park Apartments, we list 6 other affordable properties in Owasso. Learn about these properties here. Our data research shows that there are a total of 227 affordable units in Owasso.
8226 N 116th E Ave, Owasso, Oklahoma 74055
12877 E 116th St N, Owasso, Oklahoma 74055
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